Coahoma Opportunities Inc

Analysis

Coahoma Opportunities Inc is a registered charity in United States, based in Clarksdale, MS. It received its IRS tax-exemption ruling in November 1965, 61 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Coahoma Opportunities Inc reported income of $8.8m and spending of $8.8m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.2m to $8.8m (+43%), an average of +9.3% a year. The sharpest change came in the year to December 2020, when income rose by 15%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Coahoma Opportunities Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within MS. Charities of a similar size with the same main cause include Sioux Empire United Way Inc ($8.8m), Boy Scouts of America ($8.8m) and Troy Christian Schools Inc ($8.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $477k (5.4% of expenses). Other salaries and wages came to $3.7m. At year end it held assets of $2.2m against liabilities of $975k, net assets of $1.2m. It reported 143 employees.